Terrific to see such enthusiasm and commitment
Young people coming back from Universities like Stanford, Columbia, Caltech, McGill, MIT, Cornell, Duke, etc. and setting up IT companies in Pakistan is becoming quite the norm. Techlogix, Sofizar, Alchemy, VahZay, Amaana, Si3, Lootmaar, Trivor, PixSense, Folio3 and Ikonami are to mention a few. This is not to belittle our own home-grown talent who are daily coming out with innovative young start-ups that are proving to the world that innovation is alive and well in Pakistan.
These bright young people are full of enthusiasm and are developing in their companies a professional ethic and process that is second to none.
I met one such CEO on my recent visit to Lahore – Hasnain Sheikh of Inov8 whom I had met briefly at the Mobile Commerce Conference in Karachi a couple of months ago. A graduate of Wharton Business School, Hasnain exudes a confidence that is infectious. He talked about the Mobile Banking space and how much his young company has achieved within a short space of time.
Inov8 is different from Amaana in that they are not focusing on branchless banking or providing an option to those who are outside the banking system. They are instead working with banks and providing value added services for the existing customers of these banks. They are also working with telcos, insurance companies and utility firms to offer CRM services, content delivery services and transaction processing services via the mobile phone. Although they are already operational, the official launch is likely to take place in about a month’s time.
Walking through their offices and listening to the vision that Hasnain and Bashir have for the company, and seeing what the young team of 60 that they already have in place are alreaady delivering from their spiffy offices in Mall Road, once again showed me that a lot more was happening in the IT space in this country that a lot of people give us credit for, and that there was every reason to be optimistic about the future of technology growth in Pakistan.
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